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Minchanka [31]
3 years ago
13

Jose borrowed $800 from his local credit union for 8 months at 6% simple interest. He agreed to pay the loan by making 8 equal m

onthly payments/
a. how much is the finance charge
b. what is the total amount to be repaid
c. how much is the monthly payment
Mathematics
1 answer:
Nimfa-mama [501]3 years ago
3 0
Simple interest means an portion of the principal is added to the principal. In this case the 6% simple interest is will be only from the principal amount which is $800.

A. The finance charge or the interest is $48 ( 6% of $800).
B. The total amount to be repaid is $800 (principal amount) + $48 (6% interest) = $848.
C. To equally pay off the total amount every month, we simply divide $848 by 8 months. $848 / 8 months = $106. The monthly payment would be $106.
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Read 2 more answers
The sum of x and it’s opposite is always zero?
jeka94

Answer:

1) Let's consider the first case with the number 0 the oppose is also 0 and we have that 0-0=0 so then applies

2) Now let's consider any real number a no matter positive or negative we will have that:

a-a =0

Or in the other case:

-a -(-a) =-a +a=0

So then we can conclude that the expression is a general rule and is true

Step-by-step explanation:

For this case we can verify if the following expression is true or false:

The sum of x and it’s opposite is always zero?

If we want to proof this we need to show that for any number is true.

1) Let's consider the first case with the number 0 the oppose is also 0 and we have that 0-0=0 so then applies

2) Now let's consider any real number a no matter positive or negative we will have that:

a-a =0

Or in the other case:

-a -(-a) =-a +a=0

So then we can conclude that the expression is a general rule and is true

5 0
3 years ago
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